National Business

The Bank of Canada held its key interest rate steady at five per cent on Wednesday, but hasn't ruled out future rate hikes as its latest projections show inflation remaining higher in the short term.

The Canadian dollar has dipped against its U.S. counterpart following the Bank of Canada's decision to hold its key interest rate at five per cent. Here's what it means for Canadians.

TORONTO — A new survey finds Canadian business leaders increasingly see climate change plans as good for their bottom line. The survey commissioned by BMO of 700 small and medium business leaders in Canada and the U.S.

LONDON — Air Canada is being accused in the U.K. House of Commons of delaying a British MP from boarding a flight “because his name is Mohammad.

VANCOUVER — There are many heartbreaking tales behind the record number of Canadians using food banks as they struggle with high inflation and mounting housing costs, says a Vancouver food bank executive.

VICTORIA — The British Columbia government is taking steps to accelerate the transition to zero-emission vehicles to meet its 100-per-cent sales target five years sooner than initially planned.

OTTAWA — A House of Commons committee is asking the heads of Canada's major grocery chains to appear before MPs and explain their plans to stabilize food prices.

MONTREAL — Canadian National Railway Co. reported a drastic drop in profits for the three months ended Sept. 30, citing falling consumer demand, fallout from the B.C. port workers strike and a raft of forest fires and floods.

TORONTO — First Quantum Minerals Ltd. reported US$325 million in net earnings attributable to shareholders for the third quarter, up from US$113 million a year earlier. Sales revenues totalled US$2.0 billion, up from US$1.7 billion.

PORTLAND, Ore.